Although this idea of initiating a long trade is against the larger trend of 5 wave downmove in Godrej Properties but for the time being risk reward is favourable for going long. All other necessary info is published on chart. Trade at your own risk. I am only sharing my analysis and not a trade recommendation.
Looks good to buy at current level. Logic being previous resistance turned support
Risk reward favourable for a short trade and also gap fillinf will be done if plan is successful.
If Volumes are to be believed then a major bull run in UFO movies cannot be ruled out. Possible first target 280
After studying the price action and applying concepts of technical analysis I have come to the conclusion that Excel industries is providing a good opportunity to buy. Promoters hold a decent amount of stake in the company and the company looks fundamentally okay with no red flags. Hence, I call this a techno-funda idea instead of a pure techno idea.
Bandhan bank it at trendline support level. In this analysis I have also tried to do time factor analysis. Any suggestions for improvement is appreciated. If you like the idea then please gives the thumbs up !! (Free advice - The longer the chart time frame, the better is the accuracy :) )
Elliot wave is often misinterpreted and thought of as outdated but the behavior of market participants don't change. Extending on this topic I have tried to apply Elliot wave on DLF (NSE). Invest or trade at your own risk and consult your financial advisor. Thanks if you like the idea show your support by a thumbs up !!
Chart shows bullish bias on SBIN with impulse wave 3 about to start. Generally wave 3 of the elliot wave gives decent trending move and in quick time. Hope this analysis helps. And please remember invest at your own risk and consult your financial advisor before taking decision. Thanks!!